The History of the Standard Oil CompanyTarbell, Ida M. (Ida Minerva)
History
The History of the Standard Oil Company
Tarbell, Ida M. (Ida Minerva)
Petroleum industry and trade -- United States -- History; Standard Oil Company -- History
While none of the other members of the Standard Oil Company examined in
1879 was quite so sweeping in his denials, all of them evaded direct
answers. The reason they gave for this evasion was that the
investigations were an interference with their rights as private
citizens, and that the government had no business to inquire into their
methods. Consequently when asked questions they refused to answer “by
advice of counsel.” Ultimately the gentlemen did answer a great many
questions. But taking the testimony all in all through these years it
certainly is a mild characterisation to say that it totally lacks in
frankness. The testimony of the Standard officials before the Hepburn
Commission was so evasive that the committee in making its report spoke
bitterly of the company as “a mysterious organisation whose business and
transactions are of such a character that its members decline giving a
history or description of it lest this testimony be used to convict them
of a crime.” The producers certainly were right in claiming that secrecy
was a characteristic of the Standard as it had been of the South
Improvement Company.
The new Standard Combination, like the South Improvement Company, aimed
at controlling the entire refining interest. “The coal-oil business
belongs to us,” Mr. Rockefeller once told a recalcitrant refiner. His
associates were saying the same on all sides; “the object of the
Standard Oil Company is to secure the entire refining business of the
world,” a member of the concern told B. F. Nye, an Ohio producer.[76]
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account